\r\n Sahil Vora of SILA unravels the truth behind high-rise construction costs, the regulatory red tape of 80-storey buildings, and which areas of the Mumbai building market offer him the best break even in a very candid interview with RealEstateWithMayank.\r\n <\/p>\r\n <\/section>\r\n\r\n

Cost and construction: 20-storey vs 80-storey<\/h2>\r\n
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\r\n Vora points out that the medium-rise to super high-rise is not only cosmetic but it completely changes the cost structure.\r\n <\/p>\r\n
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Steel usage:<\/strong> On average, a 20-storey building requires approximately 4.5-5kg of steel per sq. ft. and an 80 storey tower may require very close to 6-8kg per sq. ft. based on the construction design and safety consideration. This by itself has a high inflation effect on the material cost per square foot.<\/li>\r\n
Concrete and structural design:<\/strong> The coefficient of concrete and the general structural system of the 80-storey structure is much more complicated, which results in the increased materials, engineering, and construction expenses.<\/li>\r\n
Time and financing:<\/strong> The high-rise projects are typically funded through construction finance or debt, and since the 80-storey project takes longer to construct, interest and financing liability have to be paid over a longer period of time, and serve to increase the financial strain.<\/li>\r\n <\/ul>\r\n <\/div>\r\n <\/section>\r\n \r\n $\"sahil-interview-with-reales\"$ \r\n\r\n
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Regulatory challenges for 80-storey towers<\/h2>\r\n
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\r\n Other than engineering, Vora highlights that regulation is one of the key distinguishing factors between a 20-storey and an 80-storey project.\r\n <\/p>\r\n
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Fire and life safety norms:<\/strong> The higher the structure, the more stringent fire-safety and evacuation regulations that include sophisticated systems, shelters and approvals.<\/li>\r\n
Civil aviation clearance:<\/strong> They are very high in the air thus these towers need clearance by the civil aviation authorities so that they do not disrupt the air corridors and safety standards.<\/li>\r\n
High-Rise Committee approvals:<\/strong> In Mumbai, extremely tall projects undergo an additional level of technical scrutiny and possible uncertainty in timeline, by passing through a special High-Rise Committee.<\/li>\r\n <\/ul>\r\n <\/div>\r\n <\/section>\r\n\r\n
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Investment insights: where Mumbai is headed<\/h2>\r\n
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\r\n The discussion also shifts away to where Vora is most entrepreneurial in the changing environment in Mumbai.\r\n <\/p>\r\n
\r\n Beyond the old luxury core:<\/strong> Premium real estate is no longer about the traditional addresses such as Altamount Road, Carmichael Road and Malabar Hill. The new micro-markets are also becoming stiff competition in the high-end.\r\n <\/p>\r\n
\r\n The \u201csix-figure\u201d PSF club:<\/strong> Vora is of the view that in the next few years, a total of 10-15 micro-markets in Mumbai would remain able to fetch prices of over \u20b9100,000 per sq. ft and this is due to the increase in income as well as the infrastructure support.\r\n <\/p>\r\n
\r\n Coastal Road as a value driver:<\/strong> Areas in the neighborhood of approximately five minutes of a Coastal Road entry\/exit like of Juhu, Versova and such like pockets of a coast or connectivity are likely to be over-appreciated as commute times reduce and connectivity increases.\r\n <\/p>\r\n <\/div>\r\n <\/section>\r\n\r\n
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\r\n To the investors and homebuyers, it is simple, follow the infrastructure, particularly the Coastal Road, and pay close attention to the emerging micro-markets that integrate access, lifestyle, and future supply constraints.\r\n <\/p>\r\n <\/div>\r\n
\r\n You can then proceed to make it more of an SEO-oriented blog with subheadings, keywords such as Mumbai high-rise construction cost and best micro-markets in Mumbai as well as an intro and call-to-action to your page.\r\n <\/p>\r\n <\/section>\r\n\r\n
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Client Success Story Inside Mumbai Real Estate: Key Takeaways from Sahil Vora\u2019s Conversation with RealEstateWithMayank Table of Contents Introduction Mumbai High-Rise Construction Cost Regulatory Challenges Best Micro-Markets in Mumbai Sahil Vora of SILA unravels the truth behind high-rise construction…<\/p>\n","protected":false},"author":4,"featured_media":1001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[14],"class_list":["post-993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-marketing","tag-sahil-vora"],"_links":{"self":[{"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/posts\/993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/comments?post=993"}],"version-history":[{"count":7,"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/posts\/993\/revisions"}],"predecessor-version":[{"id":1003,"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/posts\/993\/revisions\/1003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/media\/1001"}],"wp:attachment":[{"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/media?parent=993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/categories?post=993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riyomediahouse.com\/news\/wp-json\/wp\/v2\/tags?post=993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Cost and construction: 20-storey vs 80-storey<\/h2>\r\n \r\n \r\n Vora points out that the medium-rise to super high-rise is not only cosmetic but it completely changes the cost structure.\r\n <\/p>\r\n